Chipotle Mexican Grill (NYSE:CMG) PT Raised to $3,369.00

Chipotle Mexican Grill (NYSE:CMG) had its target price hoisted by stock analysts at Citigroup from $3,358.00 to $3,369.00 in a research report issued on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the restaurant operator’s stock. Citigroup’s price objective would suggest a potential upside of 5.63% from the company’s previous close.

Other equities research analysts have also recently issued reports about the company. Robert W. Baird lifted their price objective on Chipotle Mexican Grill from $3,250.00 to $3,500.00 and gave the stock an “outperform” rating in a report on Thursday. Argus lifted their price objective on Chipotle Mexican Grill from $3,265.00 to $3,366.00 and gave the stock a “buy” rating in a report on Thursday, April 4th. JPMorgan Chase & Co. lifted their price objective on Chipotle Mexican Grill from $2,500.00 to $2,750.00 and gave the stock a “neutral” rating in a report on Thursday. KeyCorp lifted their price objective on Chipotle Mexican Grill from $3,250.00 to $3,400.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Oppenheimer reissued an “outperform” rating and issued a $3,300.00 target price (up from $2,825.00) on shares of Chipotle Mexican Grill in a research note on Thursday. Ten investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $3,137.12.

Chipotle Mexican Grill Stock Performance

Shares of CMG opened at $3,189.40 on Thursday. The business’s 50-day moving average is $2,822.95 and its two-hundred day moving average is $2,426.07. The company has a market capitalization of $87.60 billion, a P/E ratio of 68.06, a P/E/G ratio of 2.48 and a beta of 1.28. Chipotle Mexican Grill has a fifty-two week low of $1,768.64 and a fifty-two week high of $3,199.99.

Chipotle Mexican Grill shares are set to split on the morning of Wednesday, June 26th. The 50-1 split was announced on Tuesday, March 19th. The newly created shares will be payable to shareholders after the closing bell on Tuesday, June 25th.

Chipotle Mexican Grill (NYSE:CMG) last posted its earnings results on Wednesday, April 24th. The restaurant operator reported $13.37 EPS for the quarter, beating analysts’ consensus estimates of $11.63 by $1.74. Chipotle Mexican Grill had a return on equity of 45.46% and a net margin of 12.70%. The firm had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $2.67 billion. Analysts forecast that Chipotle Mexican Grill will post 53.49 EPS for the current year.

Insider Buying and Selling at Chipotle Mexican Grill

In other Chipotle Mexican Grill news, CEO Brian R. Niccol sold 1,996 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $2,399.91, for a total value of $4,790,220.36. Following the sale, the chief executive officer now owns 22,447 shares of the company’s stock, valued at $53,870,779.77. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Chipotle Mexican Grill news, CEO Brian R. Niccol sold 1,996 shares of the business’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $2,399.91, for a total value of $4,790,220.36. Following the completion of the transaction, the chief executive officer now owns 22,447 shares in the company, valued at $53,870,779.77. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Christopher W. Brandt sold 3,149 shares of Chipotle Mexican Grill stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $2,927.84, for a total value of $9,219,768.16. Following the completion of the transaction, the insider now owns 8,563 shares of the company’s stock, valued at $25,071,093.92. The disclosure for this sale can be found here. Insiders have sold a total of 6,793 shares of company stock valued at $18,321,152 over the last quarter. 0.96% of the stock is owned by company insiders.

Institutional Trading of Chipotle Mexican Grill

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Chipotle Mexican Grill by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 2,707,233 shares of the restaurant operator’s stock valued at $6,191,334,000 after buying an additional 23,151 shares in the last quarter. Capital World Investors raised its stake in Chipotle Mexican Grill by 0.8% in the fourth quarter. Capital World Investors now owns 1,125,974 shares of the restaurant operator’s stock valued at $2,575,057,000 after buying an additional 8,541 shares in the last quarter. Artisan Partners Limited Partnership raised its stake in Chipotle Mexican Grill by 1.5% in the third quarter. Artisan Partners Limited Partnership now owns 509,953 shares of the restaurant operator’s stock valued at $934,147,000 after buying an additional 7,677 shares in the last quarter. FMR LLC raised its stake in Chipotle Mexican Grill by 5.9% in the third quarter. FMR LLC now owns 449,942 shares of the restaurant operator’s stock valued at $824,217,000 after buying an additional 24,991 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in Chipotle Mexican Grill by 3.5% in the third quarter. American Century Companies Inc. now owns 399,902 shares of the restaurant operator’s stock valued at $732,552,000 after buying an additional 13,482 shares in the last quarter. 91.31% of the stock is currently owned by institutional investors and hedge funds.

About Chipotle Mexican Grill

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It sells food and beverages through offering burritos, burrito bowls, quesadillas, tacos, and salads. The company also provides delivery and related services its app and website. It has operations in the United States, Canada, France, Germany, and the United Kingdom.